AI has triggered a wave of layoffs on Wall Street! The number of unemployed individuals in the next three years may exceed 200,000.

The report indicated that in the next 3 to 5 years, due to AI 'encroaching' on human jobs, Global Banks will lay off up to 200,000 people, with backend, mid-office, and Operation positions facing the highest risks. At the same time, 80% of respondents expect that generative AI will increase productivity and income by at least 5% during this period.

wallstreetcn06:31 ET

Trump's Day 1: Incoming President Looks Set to Act on Tariffs, Crypto, Energy and Immigration

MarketWatch06:00 ET

Should Stock Investors Be Afraid of Rising Treasury Yields?

Seeking Alpha05:55 ET

Fed Signals Delayed Rate Cuts as Inflation Concerns Linger, Goldman Sachs Says

Yahoo Finance05:45 ET

Jimmy Carter Funeral: Here's a Rundown of the Financial Markets That Are Open and Closed

Seeking Alpha03:20 ET

Elliott Wave View: S&P 500 (SPX) Looking for a Double Correction [Video]

FXStreet00:28 ET